Kitron Outlines New Strategic Targets at Capital Markets Day

Kitron ASA will today host a Capital Markets Day to update on the progress towards the company's 2020 targets and outline ambitions for a new strategy period.

Kitron reaffirms the goal of organic revenue growth leading to revenue of NOK 3 billion in 2020, with additional revenue from the acquisition of the EMS division of API Technologies.

The company also reaffirms the targets of 7% EBIT margin and 25% return on operating capital in 2020.

The company has also extended the strategic horizon from 2020 and set the following financial ambitions for 2025:

Revenue NOK 5 billion, with potential M&A adding upside

EBIT margin 7%

ROOC 25%

"Over the past few years, we have significantly improved Kitron's performance. We have accelerated organic growth, continually improved operations, leading to better profitability, and we have added revenue through the recently announced acquisition in the US. In the coming years, we will build on the existing strategy in order to continue to create value for our shareholders," said Cathrin Nylander, CFO and acting CEO of Kitron.

Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Energy/Telecoms, Industry, Defence/Aerospace, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 2.6 billion in 2018 and has about 1,700 employees.

Share

With standards committees set to release the first of four new test standards, industry experts discussed the process ionic contamination test (PICT) standard, which was recently approved by the IEC for publication. Roundtable participants included Teresa Rowe, senior director of assembly and standards technology at IPC, Graham Naisbitt, chairman and CEO of Gen3, Jason Keeping, corporate process development at Celestica, and Doug Pauls, principal materials and process engineer at Collins Aerospace.

SMTA Europe’s Electronics in Harsh Environments Conference has become a must-attend annual event; unfortunately, it also became another casualty of the COVID-19 lockdown. Scheduled to take place in Amsterdam, the Netherlands, from April 21–23, 2020, it has now been postponed until December 1–3. Pete Starkey reports on a preview seminar presented by SMTA Europe.

If you follow advancements in aerospace technologies and expeditions, then you know the name Burt Rutan. Described by Newsweek as “the man responsible for more innovations in modern aviation than any living engineer,” Rutan is a bold visionary with a passion for the advancement of technology, who has designed 46 aircraft throughout his career. Following his IPC APEX EXPO keynote presentation, Rutan stopped by the I-Connect007 booth and shared his thoughts on a wide variety of topics.

Printer Version

Kitron Outlines New Strategic Targets at Capital Markets Day

Kitron ASA will today host a Capital Markets Day to update on the progress towards the company's 2020 targets and outline ambitions for a new strategy period.

Kitron reaffirms the goal of organic revenue growth leading to revenue of NOK 3 billion in 2020, with additional revenue from the acquisition of the EMS division of API Technologies.

The company also reaffirms the targets of 7% EBIT margin and 25% return on operating capital in 2020.

The company has also extended the strategic horizon from 2020 and set the following financial ambitions for 2025:

Revenue NOK 5 billion, with potential M&A adding upside

EBIT margin 7%

ROOC 25%

"Over the past few years, we have significantly improved Kitron's performance. We have accelerated organic growth, continually improved operations, leading to better profitability, and we have added revenue through the recently announced acquisition in the US. In the coming years, we will build on the existing strategy in order to continue to create value for our shareholders," said Cathrin Nylander, CFO and acting CEO of Kitron.

Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Energy/Telecoms, Industry, Defence/Aerospace, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 2.6 billion in 2018 and has about 1,700 employees.